The Fund seeks to provide a steady flow of income by investing primarily in Canadian government and corporate fixed-income instruments and asset-backed securities with maturities of more than one year.
Is this fund right for you?
- You want to protect your money from inflation while also protecting it from large swings in the market.
- You want to invest in government and corporate bonds, as well as other debt securities issued in Canada and around the world.
- You're comfortable with a low level of risk.
Risk Rating
How is the fund invested?
(as of January 31, 2024)
Asset allocation (%)
|
Name |
Percent |
|
Domestic Bonds |
78.1 |
|
Cash and Equivalents |
13.6 |
|
Foreign Bonds |
8.2 |
|
Canadian Equity |
0.1 |
Geographic allocation (%)
|
Name |
Percent |
|
Canada |
89.3 |
|
United States |
10.3 |
|
Brazil |
0.3 |
|
Cayman Islands |
0.2 |
|
Europe |
0.1 |
|
Other |
-0.2 |
Sector allocation (%)
|
Name |
Percent |
|
Fixed Income |
86.0 |
|
Cash and Cash Equivalent |
13.6 |
|
Financial Services |
0.3 |
|
Other |
0.1 |
Growth of $10,000
(since inception)
Data not available based on date of inception
Fund details
(as of January 31, 2024)
| Top holdings |
% |
| Cash and Cash Equivalents |
6.6 |
| Ontario Province 3.65% 02-Jun-2033 |
5.5 |
| Quebec Province 3.60% 01-Sep-2033 |
4.6 |
| Quebec Province 4.40% 01-Dec-2055 |
3.3 |
| Canada Government 2.75% 01-Jun-2033 |
2.7 |
| Canada Government 1.75% 01-Dec-2053 |
2.7 |
| United States Treasury 0.50% 15-Apr-2024 |
2.5 |
| Ontario Province 4.15% 02-Dec-2054 |
2.2 |
| Alberta Province 3.10% 01-Jun-2050 |
2.1 |
| Canada Government 3.00% 01-Jun-2034 |
1.9 |
| Total allocation in top holdings |
34.1 |
| Portfolio characteristics |
|
| Standard deviation |
6.3% |
| Yield to maturity |
4.8% |
| Duration (years) |
8.3 |
| Coupon |
3.7% |
| Average credit rating |
A+ |
Understanding returns
Annual compound returns (%)
| 1 MO |
3 MO |
YTD |
1 YR |
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| 3 YR |
5 YR |
10 YR |
INCEPTION |
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Calendar year returns (%)
|
2023 |
2022 |
2021 |
2020 |
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|
2019 |
2018 |
2017 |
2016 |
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Range of returns over five years
(November 1, 2018 - March 31, 2024)
| Best return |
Best period end date |
Worst return |
Worst period end date |
|
0.4% |
Dec. 2023 |
-0.6% |
March 2024 |
| Average return |
% of periods with positive returns |
Number of positive periods |
Number of negative periods |
|
-0.2% |
16.7% |
1 |
5 |